Severance Plan. Severance payments to employees of the Company or the Company Subsidiaries who are terminated within twelve (12) months after the Effective Time will be made in accordance with the severance schedule below. Such severance schedule shall not apply to an employee covered by an employment agreement that provides for severance; shall not be available to an employee whose employment is voluntarily terminated or terminated for cause; and shall not duplicate any payment under any other severance plan of Associated or the Company, in the event the employee is also eligible under any such other plan.
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Samples: Merger Agreement (State Financial Services Corp), Merger Agreement (State Financial Services Corp), Merger Agreement (Associated Banc-Corp)
Severance Plan. Severance payments to employees of the Company or the Company Subsidiaries who are terminated within twelve (12) months after the Effective Time will be made in accordance with the severance schedule below. Such severance schedule shall not apply to an employee covered by an employment agreement that provides for severance; shall not be available to an employee whose employment is voluntarily terminated or terminated for cause; and shall not duplicate any payment under any other severance plan of Associated or the Company, in the event the employee is also eligible under any such other plan. SCHEDULE OF SEVERANCE PAYMENTS Position Severance Pay Non-officers 2 weeks, plus 1 week for each full year of continuous employment.
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Severance Plan. Severance payments to employees of the Company or the Company Subsidiaries who are terminated by the Buyer or the Buyer Subsidiaries within twelve nine (129) months after of the Effective Time will be made in accordance with the severance schedule below. Such severance schedule shall not apply to an employee covered by an employment agreement that provides for severance; shall not be available to an employee whose employment is voluntarily terminated or terminated for cause; and shall not duplicate any payment under any other severance plan of Associated or the Company, in the event the employee is also eligible under any such other planattached hereto.
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